ProShares Ultra High Yield (NYSEARCA:UJB) Sees Significant Drop in Short Interest

ProShares Ultra High Yield (NYSEARCA:UJB) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 584 shares, a drop of 74.3% from the April 15th total of 2,273 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 18,080 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of ProShares Ultra High Yield

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in shares of ProShares Ultra High Yield by 28.5% during the first quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after purchasing an additional 1,625 shares in the last quarter. Citadel Advisors LLC increased its stake in ProShares Ultra High Yield by 20.1% in the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock valued at $392,000 after buying an additional 840 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of ProShares Ultra High Yield during the 3rd quarter worth approximately $217,000. Finally, CWM LLC lifted its position in shares of ProShares Ultra High Yield by 244.8% during the 4th quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after buying an additional 235 shares in the last quarter.

ProShares Ultra High Yield Stock Performance

UJB traded down $0.10 during midday trading on Thursday, reaching $78.23. 12 shares of the company were exchanged, compared to its average volume of 14,812. ProShares Ultra High Yield has a one year low of $73.38 and a one year high of $80.09. The company’s fifty day moving average price is $77.96 and its 200 day moving average price is $78.60.

About ProShares Ultra High Yield

The ProShares Ultra High Yield (UJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides 2x exposure to a market-value-weighted index of USD-denominated high-yield corporate bonds with remaining maturities between 3 and 15 years. UJB was launched on Apr 13, 2011 and is managed by ProShares.